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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgrammeincluding the prior actions needed for the disbursement of the next sub-tranche of 2 billion. The bill... retirement age limits gradually increase as of August 19 until January 1, 2022. 2) The minimum pension... to their social security contributions. 3) An additional penalty of 10 percent is imposed on early
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Where is Odysseus? Part 2 - Uncertainty
Agoraretirement age was increased twice in Greece.[2] This increases the potential pool of labor... lowers total fertility). Also, social, political, and economic stress and inequality lower fertility..., as elsewhere, are weighted to the downside.[5] The Second Demographic Transition cannot be easily
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBankingthe book closed for the placement of a 10 pct stake in National Bank of Greece (NBG). The transaction made available 91.47 million common stock, which represents 10 pct of the 18.49 pct stake of HFSF..., reaching a total of 7 billion euros in offers. The transaction was split 70-30 between
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Are Chinese investments starting to hit a wall in Germany?
Agorathe United States and France. Total bilateral trade between China and Germany ranks first because..., and then 5 percent. Because of the way the stake was structured, there is (to date) no indication....[x] The rapid growth of Chinese outbound investment in recent years has raised awareness in host
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Does the EU Commission suffer from optimism bias? (Part 2)
Agorainto the future. We implemented the plan as it now exists. The outcome was a disaster. Please take 5 to 10... that member states (strategically) adopt this scenario as their own (for which there is evidence[2... emerges when we take the added effort to turn on System 2, or “Slow Thinking,” based on analysis
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Three in 10 workers in part-time jobs, earning less than 400 euros
Societythat up to May of last year, three out of 10 workers in the private sector were employed part-time... work (56.3 percent of total versus 43.7 percent). Conversely, women made up 55.5 percent of part-time... to 49.6 euros with an average monthly wage of 1,152.19 euros. In total, the average wage for both full
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Newsletter 2 - 07/11/2014
. In an interview with Reuters on November 5, Finance Minister Gikas Hardouvelis noted that this buffer would... but with Greece being asked to implement 10 to 15 structural reforms. This credit line will last for 6..., with the troika sticking to its initial estimate of 2 billion. Although the Greek Finance Ministry
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Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
EconomyMacroeconomy, with the decline in March being the only negative reading noted in 2018. The total number of permits came... in the number of permits issued were noted in 10 out of 13 regions covered. The three largest increases were... Macedonia (-10.3 percent) and the Peloponnese (-5 percent). It should be noted that the varying
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Retail turnover drops by 5 pct and volume by 3 pct in January
EconomyMacroeconomyGreece’s retail sales index decreased by 5 percent in January following a revised drop of 12.8... in 10 of the last 11 readings, showing the impact of Greece’s lockdowns. The corresponding volume..., stationery and other goods (-3.7 percent). Increases were noted in supermarkets (+2 percent
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Public debt at 402.11 bln in Q1, total cash reserves exceed 40 bln
EconomyMacroeconomyby residual maturity showed that long-term (over 5 years) debt made up 75.1 percent of the total... euros. FSM loans continue to make up the bulk of the total, accounting for 52 percent. The value... average maturity of the total debt stayed broadly unchanged at 16.66 years, from 16.61 years
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